Jefferies expects RBI’s 25-basis-point rate hike and calibrated tightening stance to support bank earnings, particularly ICICI Bank, SBI and Axis Bank. Faster loan repricing could drive margin expansion, while smaller private banks, NBFCs and life insurers may face greater pressure.
US stocks: S&P 500, Nasdaq retreat from records as oil and Treasury yields rebound
In a market retreat, the Nasdaq and S&P 500 pulled back from their record highs amid rising Treasury yields and oil prices. Investors remain cautious